Hedge fund exit requests drop to six-month low in July

Tags: Hedge Fund
Investor demand to pull money out from hedge funds dropped to a six-month low in July, following portfolio adjustments during the previous month, data released on Monday showed.

The SS&C GlobeOp Forward Redemption Indicator, a monthly snapshot of hedge fund clients giving notice to withdraw their cash expressed as a percentage of assets under administration, fell to 3.15% in July from 4.8% in June and the lowest since January.

"July's forward redemptions decreased by over 1%, but remain in line with historical averages," said Bill Stone, chairman and chief executive officer, SS&C Technologies.

Exit requests typically declined at the start of every quarter, the data showed.

The index is compiled by fund administrator SS&C Technologies Holdings Inc and is based on data provided by its fund clients, which represent about 10% of the assets invested in the hedge fund sector, or about $300 billion.

EDITORIAL OF THE DAY

  • Mob rage against the Tanzanian woman betrays racial and gender prejudices

    The mob rage in Bangalore against the Tanzanian woman is a national disgrace from which we can never recover even if we punish the wrong doers.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sachin Shridhar

VIPism is casteism by another name

Much has been written and lamented about the all-pervasive VIP ...

Zehra Naqvi

‘What if the British never came to India?’

Legendary Canadian writer Margaret Atwood proves as elusive to the ...

Bubbles Sabharwal

It's the life in your years that counts

We are all in a sense pilgrim souls enjoying the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture